MA and V have been in a monster uptrend since 2010. So shorting isn't exacting for the faint of heart. Especially after today when you see it get solid volume
and close above the 10 EMA
. But if risk is your thing then I would suggest this. We appear to be in a AB=CD
pattern short term. Which if that plays out we will break the neckline on what appears to be a head and shoulders
pattern. Intermediate term I see a bullish shark
which would carry us lower to the levels projected. I will say that shorting this isn't for the faint of heart, because of the strong uptrend. But when you see strong uptrends break, they really break.